chumba casino 5 cent gamesOnly New York has more coronavirus cases.New Jersey Gov. “At the same time, Macau remains susceptible to potential changes in China’s broader policy environment.”806 positive COVID-19 tests as of Tuesday morning, the disease cited for 4,377 deaths in the Garden State. r sloto cash casino(Image: Nikkei Asian Review)The research firm affirmed the SAR’s credit rating at AA – one of the highest investment-grade marks – but did so with a “negative” outlook, while forecasting a massive contraction for the local economy this year because of the coronavirus pandemic.Macau’s concentration on gaming tourism exposes its economy to substantial disruptions from lockdown measures imposed to contain the coronavirus pandemic,” said the credit rater in a note obtained by Casino.org. “As a result, Fitch expects Macau to experience a much deeper economic contraction in 2020 than other ‘AA’ rated peers whose economies are less dependent on tourism.”The lone Chinese territory where gambling is legal depends on gamigolden nugget vegas casino hostsng and related tourism to drive roughly 80 percent of annual government receipts, putting it in a tenuous spot at a time when analysts and operators have little visibility regarding when business will return to pre-virus levels.Significant ShrinkageWith gross gaming revenue (GGR) already tumbling and widely expected to post one of the worst annual performances on record this year, Macau’s economy will shrink for a second consecutive year. “At the same time, Macau remains susceptible to potential changes in China’s broader policy environment.”slot machine casino fruits

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paragon casino resort buffetWith license renewal discussions expected to commence later this year, operators are unlikely to lay off workers, although many are bleeding millions of dollars per day just to keep casinos open for a sparse number of gamblers.Some Good NewsFitch echoes the sentiment that Macau GGR could bounce back next year, while highlighting the SAR’s strong fiscal position, which includes no debt.“Fitch expects fiscal buffers to remain considerable in the medium term. “Macau’s overwhelming dependence on gaming tourism constitutes one of its principal rating constraints. But this year’s decline will likely be jaw-dropping.“Fitch projects Macau’s economy will shrink for a second year by 24% in 2020, based on our assumption for a drop in gross gaming revenue of roughly 40%, after a 4.7% contraction in 2019,” said the ratings agency. borgata casino free slot playMacau is too dependent on gaming money, putting its economy at risk, says Fitch. (Image: Nikkei Asian Review)The research firm affirmed the SAR’s credit rating at AA – one of the highest investment-grade marks – but did so with a “negative” outlook, while forecasting a massive contraction for the local economy this year because of the coronavirus pandemic.Macau’s concentration on gaming tourism exposes its economy to substantial disruptions from lockdown measures imposed to contain the coronavirus pandemic,” said the credit rater in a note obtained by Casino.org. South Point Hotel, Casino & Spa in Las Vegas is furloughing its 2,200 workers effective May 3, owner Michael Gaughan saying the decision is in their best interests. riverwind casino free play

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borgata casino promo806 positive COVID-19 tests as of Tuesday morning, the disease cited for 4,377 deaths in the Garden State. Only New York has more coronavirus cases.New Jersey Gov. Phil Murphy, Atlantic City Mayor Marty Small Sr. The casino is one of the few non-union properties in Las Vegas. The facility’s first patients are set to arrive later today.As gaming cash dries up and visitation to the Special Administrative Region (SAR) remains scant, Macau is vulnerable to significant economic turbulence due to its dependence on casino revenue, says Fitch Ratings. drake casino match bonus